Home prices are climbing in the Peoria Area. That’s according to the Peoria Area Association of Realtors second quarter home sales report released today. It says the local housing market saw a 4.5 percent gain in sales from this time last year.
PAAR President Phil Harvey says the median home sale price increased nearly 2.5 percent.
“Inventory levels are dropping, that’s why prices are rising," Harvey said. "And this is an excellent time if you’ve ever contemplated in recent years in selling your home.”